SEC Files Its 1st Suits Over 'Pig Butchering' Crypto Scams

By Katryna Perera

The U.S. Securities and Exchange Commission has filed two first-of-their-kind suits against a series of entities and individuals behind a pair of so-called pig butchering schemes that allegedly solicited investments in fake crypto platforms by gaining people's trust over social media only to scam them out of nearly $3 million.

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